The Real Deal | Septemper 25, 2017
UPDATED, Sep. 27, 2:47 p.m.: In the world of mid-market New York City investment sales last week, Barberry Rose Management bought a rental property in Fort George for $12.5 million and a Midwood building tied to a discrimination lawsuit sold for $17.5 million.
1.) Lewis Barbanel’s Barberry Rose Management expanded its Upper Manhattan holdings with a $12.5 million purchase of a multifamily building in Fort George. The seller of the rent-regulated building at 390 Wadsworth Avenue was Larry Hirschfield’s ELH Management. The price for the 42-unit building works out to just under $300,000 per unit. Barberry rose bought a 363-unit portfolio in Inwood for $64 million in 2016, and acquired two more buildingsin the area from Pinnacle Group in June. GFI Realty represented both the buyer and the seller in the transaction.
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